Enterprise group sets sales target

A MID ULSTER social enterprise group has set itself an ambitious four-year business plan - aiming to reach sales of £14m by 2015.

Workspace Group, based in Draperstown, has already witnessed a 600 per cent increase in turnover inside a decade, rising to £7.6m by last year.

According to the firm its ‘four-year strategic plan’ aims to increase business both at home and abroad.

It also plans to introduce a new million-pound business equity fund aimed at helping small firms, along with the creation of an energy services company with a fund of at least £1m.

Chairman Michael McAllister said the strategy recognised the need for ‘enhanced innovations and creativity’.

“We are in difficult times. The economic downturn and government spending cuts are resulting in a greater than ever need for our services to stimulate economic prosperity and enhance our local community,” he said.

“The Workspace Group has had significant positive impact on the local area in the past, not least as wages spend of almost £2m per annum.”

Originally set up to help stimulate social and economic regeneration in the Magherafelt area, the company now employs 117 people working out of five locations across the north as well as from offices in Donegal and Wales.